Detecting a scam is particularly challenging when the payment is made by the genuine customer, coerced via a scam or targeted social engineering fraud.
The LexisNexis® Digital Identity Network uses leading-edge technology to catch fraud before it happens and facilitates the successful transaction of business for genuine customers.
LexisNexis® Behavioral Biometrics provides an additional layer of defense to risk assessment without creating a negative user experience.
During a technical consulting engagement, experts from LexisNexis Risk Solutions support customers in the following ways:
The engagement and analytics team has a broad range of expertise, including:
That can engage with you on the following activities:
The goal is to have information exchange between the consortium members with LexisNexis® ThreatMetrix as facilitator.
LexisNexis Consortiums It will enable ThreatMetrix® customers that share common goals, challenges or fraud risks within a specific industry and/or region to share negative and positive data attributes in real-time, across an agreed set of consortium members and contributors.
We develop focussed groups across different industries for risk decisioning, and members can operationalize the shared information by configuring rules at consortium level within LexisNexis® ThreatMetrix policies, enabling more targeted real-time risk assessments, while maintaining logical separation of consortium member data.
By adopting the technology risk assessment tools, leveraging the global digital identity intelligence, utilizing behavior biometric as an additional detection and authentication layer, and having a smart deployment with the support of our team of experts, your company will be surrounded by best-in-class fraud prevention solutions.
But as mentioned before, there is one weak element to this chain, which is the customer. Keeping a constant communication with your customers so they are alert to scams attempts can also make an important difference in your fraud rates.
LexisNexis Risk Solutions promotes Customer Advisory Boards within our clients, where we share the latest trends and predictions in trust and risk, product enhancements, and our clients are free to share best practices and processes they have in place for fighting fraud.
The LexisNexis® Digital Identity Network® gives businesses the ability to detect and block complex fraud while a transaction occurs and seamlessly facilitate successful journeys for trusted customers.